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THE NI%¬B<br />
<strong>The</strong> Ni]\b is the term used to denote a threshold or line which<br />
separates those who are duty-bound to give Zak\h and those who are<br />
eligible to receive it.<br />
<strong>The</strong> amount stipulated as the Ni]\b is fixed at a certain weight <strong>of</strong> gold<br />
or silver. <strong>The</strong> amount <strong>of</strong> gold that constitutes the value <strong>of</strong> Ni]\b is<br />
87.48 grams (3.08 oz) while the amount <strong>of</strong> silver is 612.36 grams (21.6<br />
oz). Because these values fluctuate it is necessary to find out their value<br />
at the time <strong>of</strong> calculating Zak\h.<br />
For reference purposes on 26.01.2014. 10:00 GMT,<br />
the Ni]\b <strong>of</strong> gold was worth £2,163.03 and the Ni]\b<br />
<strong>of</strong> silver was equal to £237.61 - whereas the same time<br />
the previous year, the gold Ni]\b was worth<br />
£2,873.85 and silver was worth £396.95<br />
One will have noticed that there is a massive difference between the<br />
value <strong>of</strong> the two. <strong>The</strong> one that is considered is always the lower <strong>of</strong> the<br />
two. i.e. silver.<br />
This means that anyone who on 26.01.2014 had £237.61, whether on<br />
person, in savings, in business, or even owed, would be possessing<br />
Ni]\b and would be duty-bound to give Zak\h, while those who do<br />
not possess that much will be eligible to receive Zak\h.<br />
THE RATE OF ZAK¬H<br />
Zak\h is the giving <strong>of</strong> 2.5% <strong>of</strong> that wealth which is included in the<br />
calculation <strong>of</strong> Zak\h.<br />
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